Why go long?
Worst case targets:
- Rebound from support @ 2950
- The bull run is ON, with good opportunities wiping out quickly, as the markets become overvalued.
- Available at a sustainable valuation, with technical analysis indicating to go long.
- Minimal downside, next support @ 2720
- Good management
Worst case targets:
- Short term target (1-2 quarter) @ 3500
- Long term target (3-5 years) @ 8000
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Forgot to mention: This is only for educational purpose, this is not a stock recommendation. I'm not SEBI registered. Invest at your own risk.